Brilliance China Automotive Holdings Limited Announces Intention to Withdraw Listing From the NYSE
HONG KONG, July 5, 2007 -- Brilliance China Automotive Holdings Limited (the "Company") announced today that, by unanimous written resolutions dated July 5, 2007, the Company's board of directors resolved to withdraw the Company's American depositary shares ("ADSs"), each representing 100 ordinary shares par value US$0.01 of the Company, from listing on the New York Stock Exchange ("NYSE"). Notice of such intention has been given to the NYSE.
In view of the decline in trading volume of the Company's ADSs and the increase in administrative costs to comply with US reporting and registration obligations, the Company's board has re-evaluated the merits of maintaining the NYSE listing and has decided to terminate such listing.